PHH Corp. (PHH) Issues Commentary on Court of Appeals Opinion; Gratified that CFPB Director Decision Overturned
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PHH Corp. (PHH) Gains; Appeals Court Reverses Decision in Fight Over $109M Penality - Bloomberg
October 11, 2016 10:06 AM EDTPHH Corp. (NYSE: PHH) Gains; Appeals Court Reverses Decision in Fight Over $109M Penality - Bloomberg
... MoreWedbush Starts PHH Corporation (PHH) at Neutral
October 11, 2016 7:53 AM EDTWedbush initiates coverage on PHH Corporation (NYSE: PHH) with a Neutral rating and a price target of $16.00.
Analyst Henry Coffey Jr. commented, " We are initiating coverage of PHH Corp (PHH) with a $16 price target and a NEUTRAL rating. The company is... More
S&P Downgrades PHH Corp. (PHH) to 'B-'; Outlook Remains Negative
October 7, 2016 6:42 AM EDTS&P Global Ratings said today it lowered its issuer credit ratings on PHH Corp. (NYSE: PHH) to 'B-' from 'B'. The outlook remains 'negative'.
At the same time, we are affirming the rating on the senior unsecured notes at 'B' reflecting increased recovery expectations of '2' indicating our expectation for 'substantial' recovery (70%-90% lower end of the range) in a default scenario, from '3'. The short-term issuer rating was affirmed at 'B' and withdrawn at the issuer's request.
"The downgrade reflects the loss of business volumes and earnings... More
